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Dec 13, 2012
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. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while speaker boehner says the president moved the goal post and wants too much in revenue. something we don't hear about is public opinion. most registered voters 57 percent feel the best way to deal with the budget problems is with cuts in spending. 20 percent think tax increases are a better solution and a little less 18 percent favor a balanced approach of cuts and tax hikes. and when asked if raising taxes on the wealthy is enough to solve the country's budget problems, 33 percent of registered voters said yes. but man fee more, 61 percent said spending cuts are necessary as well. this comes as three quarte
. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while...
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Nov 9, 2012
11/12
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that impending fiscal cliff is what rush limbaugh is talking about. there are implications if it did go over the edge. look at california. >> california is where we are -- california is almost a microcosm to where the country is headed. virtually they are volume canized out there. there is a bunch of different states. the rich live in a few places and the rest of the state is dying. it's a shame, actually. new york times editorial. message to sacramento, tax but don't over spend. you see folks in return for backing proposition 30 voters expect an end to the fiscal shenanigans that sent the state careens from one budget crisis to another. california has a 600 billion state debt. a projected $16 billion deficit. lack what happened? you voted tax increases on yourself and the problem solved. >>> just to give you an idea how much tax california has already paid the national average rate for state and local taxes is 9.8 percent. in california it's 11.8 percent. another big talker this morning the news that iran fired on the u.s. drone over the persian gulf
that impending fiscal cliff is what rush limbaugh is talking about. there are implications if it did go over the edge. look at california. >> california is where we are -- california is almost a microcosm to where the country is headed. virtually they are volume canized out there. there is a bunch of different states. the rich live in a few places and the rest of the state is dying. it's a shame, actually. new york times editorial. message to sacramento, tax but don't over spend. you see...
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Dec 4, 2012
12/12
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we are going to keep with the fiscal cliff and take a look at who is talking. charles krauthammer weighing in on the negotiations. the approach on the president and democrats didn't about the economy at all but rather about politics. >> i am not serious at all about entitlements. the president himself said that's where the money is. on social security he denied there is any effect on the deficit at all. durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the republicans are bad guys these are good guys. surprising to me the president wokd get the revenues he wants from de deductions and exclusions. it is on rates not for economic
we are going to keep with the fiscal cliff and take a look at who is talking. charles krauthammer weighing in on the negotiations. the approach on the president and democrats didn't about the economy at all but rather about politics. >> i am not serious at all about entitlements. the president himself said that's where the money is. on social security he denied there is any effect on the deficit at all. durbin said social security hasn't added a dime to the deficit. in 2012 it added $160...
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Nov 27, 2012
11/12
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senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really going to solve this problem if you are really going to address it you have to go after entitlements. everybody knows that's the third rail. that part has to be bipartisan the way it was with tip o'neil and ronald reagan. >> the fiscal cliff making investors nervous but not consumers. that's one of the stories you can bank on this morning. if you looked at cyber monday all of the deals you are not alone. early numbers show that sales were on track to break records. lauren simonetti joins us to look at these numbers. >> i went shopping yesterday, did you? >> i did, actua
senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really...